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Bullboard - Stock Discussion Forum Thinkific Labs Inc T.THNC

Alternate Symbol(s):  THNCF

Thinkific Labs Inc. is a Canada-based company that offers a software platform that enables entrepreneurs to create, market, sell, and deliver their own online courses. The Company operates primarily in one segment, which being the development, marketing and support management of the Company’s cloud-based platform. The Company’s primary business activity is to provide a platform that helps... see more

TSX:THNC - Post Discussion

Thinkific Labs Inc > mother of all short-squeezes coming?
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Post by b919191 on Oct 08, 2022 1:10pm

mother of all short-squeezes coming?

basically trading at net cash, does the board have any insights to explain why that would be? perhaps because folks are looking at the yahoo finance share count/market cap figure which is completely wrong, or am I missing something?

IIROC says 1.8mn shares traded short on a stock that trades 30k per day and currently is valued by the market at negative EV... so someone is clearly really pessimistic on this thing, and so I am asking these pessimists what they are seeing to convince me to sell as well?... I realize I am braindead, but that's a pretty ballsy short interest unless IIROC is fudging the numbers

Comment by Possibleidiot01 on Nov 08, 2022 6:30am
After the earnings , trading at 50% above cash level ,   Cash and cash equivalents were $95.4 million at the end of the third quarter of 2022. But still expecting negative EBITDA. My understanding is this is expected to continue so IMO still burning cash. Market has a downer on businesses like this .
Comment by b919191 on Nov 09, 2022 9:09pm
you have it wrong, the stock trades in CAD$, the cash is in USD$
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